It can take weeks – even months – to complete customer due diligence (CDD) when onboarding new business customers. This not only costs time and valuable resources, but also losses in business and revenue opportunities. However, with the right technologies in place, CDD takes only minutes to complete.

In this week’s newsletter, Trulioo’s Zac Cohen explains how access to data, advanced technologies, and changes in legislation are speeding up due diligence when onboarding business customers.

Elsewhere, bobsguide’s David Beach provides insight into the digitisation of pocket money, and Suresh Rajagopalan, President, Software Products for FSS, discusses the use of tokenized identities in combating fraud.

It can take weeks – even months – to complete customer due diligence (CDD) when onboarding new business customers. This not only costs time and valuable resources, but also losses in business and revenue opportunities. However, with the right technologies in place, CDD takes only minutes to complete.